/biz/ - Business & Finance

>>9013457
I heard a story about a guy that joined the army and saved as much $ as he could, then bought some motel and now makes passive income

why not invest into real estate via crypto?

>>9013457
pimpin hos
you gotta break ones spirit so she loyal af then she watch over the girls for you.
it like a franchise and sheeeeeeeeeitt

>>9013593
Thanks for the advice. Ill join the army.
>>9013600
Because I'd have to purchase crypto to do that. And crypto is meme garbage

>>9013457
Buy a cheap ass rental. Sign up for section 8. Take in the money for a couple years until you make enough to sell and profit after taxes. Then do it again with a more expensive unit. If you can save and not all the other even better as the rental above the mortgage cost is considered additional income and upset your buying power. Have good credit and low bills... Like no car payment

>>9013457
With real estate I would say read as much books as possible and really study the market(s) that you want to get into. Know your shit front to back and be able to keep up with anyone. Then try to get banks or venture capitalists or high net worth folks to put some money up. If you're a young dude and you're very brash and confident people will eat it up. You actually need to act like trump in some ways. Just go around acting like you're king shit and you're gonna make everyone rich and people will actually go along with it.

>>9013457
ETF's: REIT's, Preferred Shares, Bonds. Easy +5%.

>>9013457
>>9013457
There are three elements to building passive income: your income, your expenses and your investments. It should be pretty obvious that you should try to maximize your income and reduce your expenses as much as possible (a lot of poor people are really bad at this part).

When it comes to investing listen to legends like Warren Buffet: passive stock ETFs are the way to go for normal people. It's the most simple strategy, but it beats the vast majority of active investors. If you don't have a professional background in finance it's almost certain that you won't be able to achieve a higher risk-adjusted expected return than the stock market.

Also, don't fall for any of the "get rich fast memes".

>>9013457
Buy REIT stocks.

>>9013457
>cryptofags stay out
>people who have made a shit ton of money by doing nothing (aka passive income) stay out

>>9013841
dont you have to have like no income to get on section 8? white trashboy

Real estate isn't good money. You going to make maybe 4% a year which is all eaten by interest and other fees.

Managed investments like shares bonds etc have reportedly gotten 8-13% a year for the past few years.

>>9013841
Section 8, you mean section ape.

>>9014565
apartment investing?

Crypto is meme moneyiz and i want big boy passive gain!

Made more in 1 week than you will do in 10 years of passive (Realz) money income

>>9013457
sign up with Biggerpockets. they have a free membership with less access. listen to all there podcast and other educational tools. live like pauper and work your ass off at your day job. save like 50 to 100k. start investing. there are not many short cuts to wealth but real estate done right is quicker than most other routes.

Passive income is a meme since you still have to actually spend time to get and manage it. Easiest way is to give a job to other people. You need to connect the dots - find people who need some shit to be done, and find people who can make it. Middleman kinda sucks, but if you put things on a rails, then you can hire a manager and spend 90% less time on this. Also on a stage when you have a manager you can slowly start to turn a dick since you have to take hate only from manager but not from 20 people in person. Sucks but true

>>9013457
Dumpster Diving
using your finds for ebay and garage sales.
Buying Crytpo with your dumpster diving money
That is how I bought my first ethereum at 389 dollars

>>9014723
I was planning to do this but then I put my $150k into meme coins instead. Am I dumb?

>>9013674
>crypto is a meme garbage

Kek. Someone's a retard

>>9013674
>I hate money
lol stay poor

>>9013457
>If you say real estate, how do you get there from a poorfags standpoint.
GET A JOB AND SAVE YOUR MONEY YOU LAZY FUCK

>>9014566
I sensibly chuckled

>>9013457
Im making 200$ daily from sprouting crypto GOML fagget.